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20121119
20121119
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the conventional wisdom here in washington is that president obama is sort of in the driver's seat with these negotiations. that being said, i think that there's a good deal of pressure on both sides here. if, indeed, we go over the fiscal cliff, there are a number of things that republicans are tremendously concerned about, not the least of which is the tax increases, the expiration of the payroll tax holiday, capital gains tax increase. there are a number of things frightening republicans right now, there's a number of things that should truly be frightening democrats. democrats control the white house, they have a larger majority in the senate. there is certainly some onus on president obama, the white house and senate majority leader harry reid to show that the democratic party can govern in a moment of great fiscal crisis. so i think there's a tremendous amount of pressure to go around here. while the conventional wisdom is that the president is in the driver's seat, i think that there's plenty of leverage to be had on capitol hill. jon: and republicans are not likely going to
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